Park Avenue Capital announces new president, COO

investmentnews.com:

Park Avenue Capital announced a new president and chief operating officer Monday morning.

Effective Jan. 1, Daniel McCoy will focus on operations, employment development, strategy, and execution at the firm, which is part of Northwestern Mutual’s exclusive Private Client Group, an elite team of advisors and firms focusing on the needs of high-net-worth clients.

“I am truly impressed by the firm’s dedication to delivering the highest level of service and its commitment to driving success for our clients,” McCoy said. “I look forward to working alongside the exceptional team at Park Avenue Capital in furthering our mission while maintaining our position as a trusted leader in the financial industry.”

Park Avenue Capital manages more than $2.1 billion in client assets through offices in New York, New Jersey, and Connecticut  and was formed last year from the merger of legacy firm Park Avenue Capital Planning and Strongpoint Wealth Advisors. Both were already Northwestern Mutual affiliates.

McCoy will report to Park Avenue Capital’s Partner and CEO, Peter Tiboris.

“With extensive experience in the financial industry, McCoy brings strong leadership, strategic vision, and a client-centric philosophy which will be hugely beneficial to our organization as we sensibly scale,” Tiboris said. “He also brings significant operational experience that will prove valuable as we grow through organic and inorganic channels.”

He added that the appointment will enhance the firm’s ability to attract top talent and serve clients’ financial security needs.